What about self investment?
The Group Self Invested Personal Pension (GSIPP) offers a greater choice of investments than the GFRP and more choice over how and when you take your benefits. Once you have joined the BTRSS, you may have the option to invest in a GSIPP. If you do invest in a GSIPP, you should actively manage your investments and seek investment advice as the greater choice of investments means some of the funds available come with higher risks.
To invest in a GSIPP, you will need to make a minimum regular payment of £300 a month, or £3,000 a year. If your combined investments are valued at more than £50,000, then your minimum payment reduces to £100 a month. The minimum single or transfer payment is £10,000.
To find out more about self investment click the links below:
What you get back from an investment-linked fund depends on the performance of the assets it invests in and the charges on the fund.Their value can go down as well as up, so you may get back less than you invest. You should also be aware that additional charges are applicable to the GSIPP.
If you are considering this option, we strongly recommend that you speak to an independent financial adviser. You may have to pay for this advice. If you do not have your own financial adviser, you can find one in your area by visiting unbiased.co.uk
If after seeking financial advice you are interested in this option, please call the BT helpline 0800 066 5432 for more information.
Please note: The link to unbiased.co.uk is outside Standard Life's website and will open in a new window. Standard Life is not responsible for the content of external internet sites.
